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The Rising Tide of Narrowband Internet of Things (IoT) Chipset Market
Introduction:
In today's connected world, the Internet of Things (IoT) has revolutionized various industries by enabling seamless communication between devices. As the demand for IoT devices continues to surge, the need for efficient and low-power connectivity solutions becomes paramount. Narrowband IoT (NB-IoT) chipsets have emerged as a game-changer in this domain, offering cost-effective, power-efficient, and wide-reaching connectivity for a multitude of IoT applications. The Narrowband Internet of Things (IoT) chipset market is witnessing rapid growth, driven by the increasing adoption of IoT devices across diverse sectors.
Unleashing the Potential of NB-IoT Chipsets:
Narrowband IoT is a Low-Power Wide Area (LPWA) technology designed specifically for IoT deployments. It operates on licensed spectrum, providing enhanced coverage, deeper penetration, and extended battery life for IoT devices. NB-IoT chipsets enable long-range communication, making them ideal for applications such as smart cities, agriculture, logistics, asset tracking, and industrial automation.
Market Drivers:
1. Ubiquitous Connectivity: The growing need for connectivity across various industries and remote locations has fueled the demand for NB-IoT chipsets. They offer robust connectivity even in challenging environments, enabling businesses to monitor and manage their assets effectively.
2. Cost-Effectiveness: NB-IoT chipsets provide a cost-effective connectivity solution compared to other wireless technologies. Their low-cost modules, coupled with minimal power consumption, make them an attractive choice for large-scale IoT deployments.
3. Extended Battery Life: IoT devices often operate on batteries or energy-harvesting sources. NB-IoT chipsets are designed to optimize power consumption, enabling devices to operate for years without requiring frequent battery replacements. This feature is particularly valuable for applications such as smart meters and agricultural sensors.
4. Scalability: The NB-IoT standard supports a massive number of connections per base station, allowing for the deployment of a vast IoT ecosystem. This scalability feature makes NB-IoT chipsets well-suited for smart city projects and large-scale industrial deployments.
Market Challenges:
1. Interoperability: As the NB-IoT ecosystem expands, ensuring interoperability between different vendors' chipsets and IoT platforms becomes crucial. Standardization efforts are underway to address this challenge and create a unified IoT landscape.
2. Security Concerns: With the proliferation of IoT devices, security vulnerabilities pose a significant risk. NB-IoT chipsets need to incorporate robust security measures to protect against potential threats and ensure the integrity and privacy of data transmitted across networks.
Market Outlook and Key Players:
The NB-IoT chipset market is witnessing remarkable growth and is projected to continue its upward trajectory. According to market research reports, the market is expected to reach a valuation of billions of dollars by 2027, with a compound annual growth rate (CAGR) of over 30% during the forecast period.
Key players in the NB-IoT chipset market include semiconductor companies, module manufacturers, and IoT platform providers. These companies are investing heavily in research and development to enhance the performance and capabilities of NB-IoT chipsets, catering to the evolving demands of the IoT landscape.
Conclusion:
As the world becomes increasingly interconnected, the Narrowband Internet of Things (IoT) chipset market holds immense potential. NB-IoT chipsets offer a cost-effective, power-efficient, and scalable connectivity solution for a wide range of IoT applications. With advancements in technology and the ongoing efforts to standardize the NB-IoT ecosystem, the market is poised for significant growth in the coming years. The NB-IoT chipset market is not only transforming industries but also paving the way for a smarter and more connected future.
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Quectel Launches New Multi-Mode LPWA Module with LTE Cat M1/Cat NB2/EGPRS Support
Quectel, a global supplier of cellular IoT modules and antennas announced a multi-mode LPWA module that supports LTE Cat M1/Cat NB2/EGPRS which meets the 3GPP Release 14 specification and has integrated GNSS functionality. The BG95-M3 has pin-to-pin compatibility with Quectel LTE Cat 4 modules EG91/EG95, LTE Cat M1/Cat NB1/EGPRS module BG96, NB-IoT module BC95, UMTS/HSPA modules UG95/UG96 and GSM/GPRS module M95.
The BG95-M3 achieves maximum downlink rates of 588 Kbps and uplink rates of 1119 Kbps with LTE Cat M1. The module’s integrated RAM and flash memory enable ultra-low power consumption, and the ARM Cortex A7 processor (which supports ThreadX) enables up to 70% reduction in PSM leakage and 85% reduction in eDRX current consumption compared to its predecessor.
The BG95-M3’s highly integrated, cost-effective and compact SMT form factor of 23.6mm × 19.9mm × 2.2mm allows integrators and developers to benefit from its mechanical intensity and low power consumption and design their applications with ease, and its advanced LGA package enables fully automated manufacturing for high-volume applications. The module’s comprehensive array of hardware-based security features enables trusted applications to run directly on the Cortex A7 TrustZone engine.
A rich set of internet protocols, industry-standard interfaces and abundant functionalities (e.g. USB drivers for Windows 7/8/8.1/10, Linux, Android etc.) allow the module to serve a wide range of IoT applications such as wireless POS, smart metering, asset tracking, wearable devices and more.
Key Features of BG95-M3:
Easy migration from Quectel GSM/GPRS, UMTS/HSPA and LTE modules ARM Cortex A7 processor (supports ThreadX) Integrated RAM and flash memory in the baseband chipset USB 2.0 interface A comprehensive array of hardware-based security features Supports DFOTA Supports VoLTE (Cat M1 only), CS voice for GSM, QuecOpen, and eSIM Fast time-to-market: Reference designs, evaluation tools and timely technical support minimize design and development efforts Robust mounting and interfaces
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Quectel Launches New Multi-Mode LPWA Module with LTE Cat M1/Cat NB2/EGPRS Support
Quectel, a global supplier of cellular IoT modules and antennas announced a multi-mode LPWA module that supports LTE Cat M1/Cat NB2/EGPRS which meets the 3GPP Release 14 specification and has integrated GNSS functionality. The BG95-M3 has pin-to-pin compatibility with Quectel LTE Cat 4 modules EG91/EG95, LTE Cat M1/Cat NB1/EGPRS module BG96, NB-IoT module BC95, UMTS/HSPA modules UG95/UG96 and GSM/GPRS module M95.
The BG95-M3 achieves maximum downlink rates of 588 Kbps and uplink rates of 1119 Kbps with LTE Cat M1. The module’s integrated RAM and flash memory enable ultra-low power consumption, and the ARM Cortex A7 processor (which supports ThreadX) enables up to 70% reduction in PSM leakage and 85% reduction in eDRX current consumption compared to its predecessor.
The BG95-M3’s highly integrated, cost-effective and compact SMT form factor of 23.6mm × 19.9mm × 2.2mm allows integrators and developers to benefit from its mechanical intensity and low power consumption and design their applications with ease, and its advanced LGA package enables fully automated manufacturing for high-volume applications. The module’s comprehensive array of hardware-based security features enables trusted applications to run directly on the Cortex A7 TrustZone engine.
A rich set of internet protocols, industry-standard interfaces and abundant functionalities (e.g. USB drivers for Windows 7/8/8.1/10, Linux, Android etc.) allow the module to serve a wide range of IoT applications such as wireless POS, smart metering, asset tracking, wearable devices and more.
Key Features of BG95-M3:
Easy migration from Quectel GSM/GPRS, UMTS/HSPA and LTE modules ARM Cortex A7 processor (supports ThreadX) Integrated RAM and flash memory in the baseband chipset USB 2.0 interface A comprehensive array of hardware-based security features Supports DFOTA Supports VoLTE (Cat M1 only), CS voice for GSM, QuecOpen, and eSIM Fast time-to-market: Reference designs, evaluation tools and timely technical support minimize design and development efforts Robust mounting and interfaces
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Narrowband-Internet of Things (NB-IoT) Technology Market competitive landscape, Industry outlook, and Future Forecast Till 2029
Research Nester released a report titled "Narrowband-Internet of Things (NB-IoT) Technology Market: Global Demand Analysis & Opportunity Outlook 2029" which delivers detailed overview of the narrowband-internet of things (NB-IoT) technology market in terms of market segmentation by component, device type, deployment, application and region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
Narrowband-internet of things (NB-IoT) is a low power wide area (LPWA) technology which is developed on the basis of 3gpp standards to enable a wide range of new IoT devices and services. Moreover, this technology significantly improves the power consumption of user devices, system capacity and spectrum efficiency, especially in deep coverage.
The narrowband-internet of things (NB-IoT) technologymarket is projected to grow with a high CAGR during the forecast period, i.e., 2020-2029 on account of the increasinghigh deployment flexibility with global system for mobile communications (GSM), wideband code division multiple access (WCDMA), or long-term evolution (LTE), extended coverage and long battery life and low deployment cost.
Based on deployment, the market has been further segmented into in-band, guard-band, and standalone modes. The guard-band segment is estimated to dominate the market in 2020 and is also anticipated to emerge as the fastest-growing segment over the forecast period. The capability to use the existing cellular infrastructure, including antenna and Radio Frequency (RF) modules, without having to add any additional spectrum cost would serve as the major factor driving the growth of the guard-band segment.
Based on device type, the market has been further segmented into alarm & detector, smart parking, smart meter, smart lighting, tracker, wearables, and others. The wearables segment is projected to dominate the market in 2020 owing to the rapidly increasing demand for sports, fitness, and healthcare devices for personal care and diagnostics. While the rising levels of disposable income coupled with the rising awareness regarding physical fitness are encouraging the younger population to use sports and fitness bands, the adoption of healthcare bands is increasing in developed economies, such as Germany, Japan, the U.K., and the U.S., in line with the growing aging population in these economies. The demand for wearables is expected to increase over the forecast period as a result.
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On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, out of which, the narrowband-internet of things (NB-IOT) technology market in the market in North America is estimated to dominate in 2020. North America is home to several leading device manufacturers and network service providers focusing on testing and commercial deployment of solutions for consumer and industrial applications. Some of these device manufacturers and network operators include Qualcomm inc., AT&T, Cellco partnership (Verizon Wireless), T-Mobile US, inc., and Intel corporation. The rising levels of disposable income, growing tech-savvy population, and continued adoption of emerging technologies for personal and business applications are some of the other major factors driving the growth of the North American regional market.
Increasing High deployment flexibility with global system for mobile communications (GSM), Wideband Code Division Multiple Access (WCDMA), or long-term Evolution (LTE), Extended Coverage and Long Battery Life and Low Deployment Cost to Drive the Market Growth
The narrowband-internet of things (NB-IoT) alludes to a wide territory network innovation that capacities on low force and connections a scope of gadgets and related administrations on cell organizations. This innovation works in an affirmed range offering protected and dependable availability alongside guaranteed administration quality. These advantages are required to help market development. Moreover, the covid-19 pandemic has quickly spread worldwide and has affected a couple of ventures decidedly, while most others have been influenced contrarily. Governments have forced limitations restricting individuals to their homes as a prudent step to contain the pandemic's spread. The rising number of individuals remaining at home has supported the interest in fast internet availability. It has significantly expanded information utilization, moving the development at low cost of the narrowband-IoT market during the pandemic.
This report also provides the existing competitive scenario of some of the key players of the narrowband-internet of things (NB-IOT) technology market which includes company profiling of Qualcomm technologies, inc., Huawei technologies co., ltd., Intel corporation, MediaTek inc., Telefonaktiebolaget LM Ericsson, Vodafone group plc, AT&T Inc., Orange S.A, Verizon communications inc., Sony India. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the narrowband-internet of things (NB-IoT) technology market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Download/Request Sample Copy of Strategic Report: https://www.researchnester.com/sample-request-2925
About Research Nester
Research Nester is a one-stop service provider with a client base in more than 50 countries, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives for their future investment while avoiding forthcoming uncertainties. With an out-of-the-box mindset to produce statistical and analytical market research reports, we provide strategic consulting so that our clients can make wise business decisions with clarity while strategizing and planning for their forthcoming needs and succeed in achieving their future endeavors. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds.
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Private Narrowband IoT Market Key Finding, COVID – 19 Analysis, Business Trends, Global Segments by Forecast 2027
Overview
Global Private Narrowband IoT Market is expected to reach USD 16,075.4 Million by 2025, growing at a CAGR of 92.1% during the forecast period (2019–2025). In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the coming years.
Private narrowband Internet of Things (NB-IoT) is a new cellular standard for low-power wide-area (LPWA) M2M (machine to machine) communication. It is a standard created by the 3rd Generation Partnership Project (3GPP). Private NB-IoT offers several advantages over conventional 4G/LTE mobile connectivity technologies such as better indoor coverage, low cost, energy efficiency, and greater device connectivity. The hardware manufacturers offer various private NB-IoT modules that exhibit a maximum life expectancy of up to ten years. Private NB-IoT modules cost USD 15–20 and it is expected that the price will further drop in the upcoming years. Due to all these benefits, private NB-IoT technology is being significantly deployed for various end-use applications across the globe. Some of the key factors driving the market growth are increasing demand for LPWAN, low deployment cost, long battery life, extended coverage, and high security.
With the growth in the demand for LPWAN technology, the overall narrowband IoT market is increasing. LPWAN allows long-range communication at a low bit rate and is, therefore, regarded as one of the key technology choices for building IoT networks across the globe. These wireless technologies can be integrated into vehicles, streetlights, home appliances, manufacturing equipment, and even wearable devices. LPWAN offers a combination of long-range, low power consumption, and secure data transmission, which makes it one of the preferred network technologies. Well-established technology providers like NWave Technologies, Qualcomm Inc., Cisco Systems, AT&T Inc., and Huawei Technologies Co. Ltd among others offer various LPWAN technologies to a number of clients worldwide.
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Competitive Analysis
The Prominent Players operating in the Private Narrowband IoT Market are The Key Players of the Global Private Narrowband IoT Market are AT&T, Verizon Communications, China Mobile Limited, Huawei Technologies Co. Ltd, Intel Corporation, Telefónica, Vodafone Group Plc., Orange, China Unicom, Telstra, Nokia, Ericsson, Qualcomm Technologies Inc, Telecom Italia, Emirates Telecommunications Corporation.
Segmental Analysis
The Global Private Narrowband IoT Market has been segmented based on Application, Deployment, Vertical, and Region.
Based on the application, the private narrowband IoT has been segmented into real-time streaming analytics, asset tracking, smart parking management, security, logistics tracking, soil monitoring, and others. The smart parking management segment accounts for the largest market share in 2019. NB-IoT based vehicle detectors consume low power; they also have a standby life of three to five years. NB-IoT base stations offer broad and in-depth coverage. Along with this, the signals are enough to cover a one-story underground parking lot. Due to all the above-mentioned benefits, NB-IoT is increasingly being used for network communications in smart parking solutions. The companies are able to manage their parking places and increase the revenue collected from them with the help of NB-IoT-based smart parking systems.
Based on the deployment model, the market has been segmented into in-band, standalone, guard band. The guard band segment accounts for the largest market share in 2019. In the guard band deployment type, the operators deploy NB-IoT in the unused resource blocks within an LTE carrier. Here, the cellular services are present and NB-IoT is positioned in the guard band of LTE carriers. However, the LTE resources are not allocated which prevents the possible interference of LTE with NB-IoT.
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Based on industry vertical, the private narrowband IoT has been categorized as agriculture, logistics and transportation, healthcare, industrial manufacturing, energy and utilities, and others. The industrial manufacturing segment accounts for the largest market share in 2019. In the industrial manufacturing sector, NB-IoT is being implemented for various applications such as warehouse monitoring, safety and security, asset tracking, smart lighting, smart parking, and infrastructure monitoring. For instance, China Telecom, Huawei and a manufacturing company worked together to create an NB-IoT-based mold management solution. This solution automatically collects data about mold locations, tooling opening and closing numbers, and forming period. Based on this information, the SaaS-based execution operations provide services such as asset, spare part, and capacity management, mold operations, maintenance and repair management, and enterprise-level mold sharing
Regional Analysis
The regional analysis for the global private narrowband IoT has been conducted for North America, Europe, Asia-Pacific (APAC), and the Middle East & Africa, and South America.
The market in North America accounted for the largest market share in 2019, and it is expected to dominate the market in the coming years. The large share is owing to the presence of various leading device manufacturers and network service providers focusing on testing and commercial deployment of private narrowband IoT solutions for consumer applications.
The market in Asia-Pacific is expected to grow at the highest CAGR of 97.1% during the forecast period. For the purpose of analysis, Asia-Pacific has been categorized into China, Japan, India, and the rest of Asia-Pacific. China accounts for the largest share in the Asia-Pacific region. Japan and other emerging countries are also validly moving towards narrowband IoT Infrastructure due to the growing investment by various government and private agencies.
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At Market Research Future (MRFR), we enable our clients to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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Private Narrowband IoT Market Research Report - Global Forecast till 2025
Private Narrowband IoT Market Research Report - Global Forecast till 2025
Market Snapshot
Global Private Narrowband-Internet of Things (NB-IoT) Market is expected to grow at a CAGR of 92.1% from the year 2019–2025. The market is driven by increasing demand for low-power wide-area network (LPWAN), globally. Also, since private NB-IoT offers several benefits including low deployment cost and long battery life, it is deployed for a number of applications including industrial manufacturing, logistics and transportation, energy & utilities, agriculture, and healthcare among others, thereby driving the overall market. Private NB-IoTs offer extended coverage and higher security over its substitutes. The private NB-IoT technology is being deployed recently for commercial purposes, with pilot testing projects being run at various locations in the past two years. The private NB-IoT solutions have evolved significantly over the last two years and the applications of this technology are expected to increase significantly in the future.
The value chain of private narrowband IoT consists of four key stakeholders namely, component manufacturers, telecom operators (MNOs and MVNOs), system integrators, and verticals. The manufacturers usually partner with other stakeholders in order to efficiently sell their solutions in the market. They tend to build strong relationships with regional resellers/suppliers so that they can expand their presence in the stipulated area. In terms of Porter's five forces analysis, the market is expected to witness moderate to high rivalry. Currently, telecom operators are investing in private NB-IoT projects and are running pilot projects in various regions/countries. As the demand for NB-IoT connectivity increases among industry verticals, these telecom operators will try to cater to the market demand by providing efficient private NB-IoT services, thereby increasing the competition/rivalry in the market in the years to come.
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Key Developments
In April 2019, AT&T launched a narrowband (NB-IoT) network across the US in addition to its low-power wide-area networks (LPWANS) in order to remain competitive in the private narrowband IoT market. This further helps the company to increase its customer base.
In May 2019, Verizon has launched its nationwide NB-IoT network, which the carrier claims, covers 92% of the total US population. The network is capable of managing both IP and non-IP traffics. Non-IP traffic management can be used for devices and solutions that are not traditionally connected to mobile networks, such as alarm panels, environmental sensors, industrial appliances, factory equipment, and parking meters. Verizon maintains that the network can also be used in smart city applications.
In Feb 2019, China Mobile Limited partnered with Singtel, a Singapore-based telecommunication company, to expand the IoT market to the Asia-Pacific region. China Mobile Limited also partnered to provide its narrowband-IoT (NB-IoT) products and services in Singapore using Singtel’s network.
In November 2017, Gemalto and Huawei—via its semiconductor arm, HiSilicon, announced their partnership to develop NB-IoT modules with a focus on security and low power consumption. These modules can be used in a range of IoT devices to reduce both size and production costs. The initiative will combine expertise from both companies in an effort to appeal to manufacturers to meet the growing demand for NB-IoT enabled devices.
Regional Analysis
· Geographically, the global private narrowband IoT market has been segmented into Asia-Pacific, North America, Europe, and the Middle East & Africa, and South America.
· North America dominates the global private narrowband IoT market owing to the presence of various leading device manufacturers and network service providers focusing on testing and commercial deployment of private narrowband IoT solutions for consumer applications. These market players are working towards the development of new modules and deployment of private NB-IoT networks to enhance the coverage and increase the scope of commercial applications where the technology can be applied. Moreover, the growing tech-savvy population and continued adoption of emerging technologies for personal and business applications are some of the other major factors driving the growth of the private narrowband IoT market in North America.
· IoT device shipments in Asia is expected to reach 12.7 billion units by 2030. The market for NB-IoT is expected to grow significantly in the forecast period in the region. At present, NB-IoT is deployed in countries such as China, Taiwan, Hong Kong, Singapore, Thailand, Bangladesh, Sri Lanka, Japan, South Korea, New Zealand, Indonesia, and Australia. The region has a huge potential as NB-IoT as it uses the mobile wireless network which offers better scalability, quality of service, and security as compared to unlicensed LPWA networks such as LoRa/Sigfox. Along with this, it offers long battery life due to low power consumption. The price of NB-IoT modules/chipset is expected to decline in the coming year.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR),Half-Cooked Research Reports (HCRR), Raw Research Reports (3R),Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact:
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Office No. 524/528, Amanora Chambers
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Email: [email protected]
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Narrowband-Internet of Things (NB-IoT) Technology Market Rapidly Increasing in Size Globally: Latest Report with Current Trends, Future Estimations, and Opportunity Analysis.
Research Nester released a report titled “Narrowband-Internet of Things (NB-IoT) Technology Market: Global Demand Analysis & Opportunity Outlook 2029” which delivers a detailed overview of the narrowband-internet of things (NB-IoT) technology market in terms of market segmentation by component, device type, deployment, application, and region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with a detailed discussion on current and future market trends that are associated with the growth of the market.
Narrowband-internet of things (NB-IoT) is a low power wide area (LPWA) technology that is developed on the basis of 3gpp standards to enable a wide range of new IoT devices and services. Moreover, this technology significantly improves the power consumption of user devices, system capacity, and spectrum efficiency, especially in deep coverage.
The narrowband-internet of things (NB-IoT) technology market is projected to grow with a high CAGR during the forecast period, i.e., 2020-2029 on account of the increasing high deployment flexibility with global system for mobile communications (GSM), wideband code division multiple access (WCDMA), or long-term evolution (LTE), extended coverage and long battery life and low deployment cost. Based on deployment, the market has been further segmented into in-band, guard-band, and standalone modes. The guard-band segment is estimated to dominate the market in 2020 and is also anticipated to emerge as the fastest-growing segment over the forecast period. The capability to use the existing cellular infrastructure, including antenna and Radio Frequency (RF) modules, without having to add any additional spectrum cost would serve as the major factor driving the growth of the guard-band segment. Based on device type, the market has been further segmented into alarm & detector, smart parking, smart meter, smart lighting, tracker, wearables, and others.
The wearables segment is projected to dominate the market in 2020 owing to the rapidly increasing demand for sports, fitness, and healthcare devices for personal care and diagnostics. While the rising levels of disposable income coupled with the rising awareness regarding physical fitness are encouraging the younger population to use sports and fitness bands, the adoption of healthcare bands is increasing in developed economies, such as Germany, Japan, the U.K., and the U.S., in line with the growing aging population in these economies. The demand for wearables is expected to increase over the forecast period as a result.
Download Sample of This Strategic Report: https://www.researchnester.com/sample-request-2925
Increasing High deployment flexibility with global system for mobile communications (GSM), Wideband Code Division Multiple Access (WCDMA), or long-term Evolution (LTE), Extended Coverage and Long Battery Life and Low Deployment Cost to Drive the Market Growth
The narrowband-internet of things (NB-IoT) alludes to a wide territory network innovation that capacities on low force and connections a scope of gadgets and related administrations on cell organizations. This innovation works in an affirmed range offering protected and dependable availability alongside guaranteed administration quality. These advantages are required to help market development. Moreover, the covid-19 pandemic has quickly spread worldwide and has affected a couple of ventures decidedly, while most others have been influenced contrarily. Governments have forced limitations restricting individuals to their homes as a prudent step to contain the pandemic's spread. The rising number of individuals remaining at home has supported the interest in fast internet availability. It has significantly expanded information utilization, moving the development at low cost of the narrowband-IoT market during the pandemic.
This report also provides the existing competitive scenario of some of the key players of the narrowband-internet of things (NB-IOT) technology market which includes company profiling of Qualcomm technologies, inc., Huawei technologies co., ltd., Intel corporation, MediaTek inc., Telefonaktiebolaget LM Ericsson, Vodafone group plc, AT&T Inc., Orange S.A, Verizon communications inc., Sony India. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the narrowband-internet of things (NB-IoT) technology market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Download/Request Sample Copy of Strategic Report:
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#LPWA modules#Cellular LPWA IoT Modules#NB IoT Module#LTE module#LPWA Wireless Solutions#LPWA Modules for Industrial IoT#LORAWAN Modules#Lpwa modules nb iot
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The Rising Tide of Narrowband Internet of Things (IoT) Chipset Market
Introduction:
In today's connected world, the Internet of Things (IoT) has revolutionized various industries by enabling seamless communication between devices. As the demand for IoT devices continues to surge, the need for efficient and low-power connectivity solutions becomes paramount. Narrowband IoT (NB-IoT) chipsets have emerged as a game-changer in this domain, offering cost-effective, power-efficient, and wide-reaching connectivity for a multitude of IoT applications. The Narrowband Internet of Things (IoT) chipset market is witnessing rapid growth, driven by the increasing adoption of IoT devices across diverse sectors.
Unleashing the Potential of NB-IoT Chipsets:
Narrowband IoT is a Low-Power Wide Area (LPWA) technology designed specifically for IoT deployments. It operates on licensed spectrum, providing enhanced coverage, deeper penetration, and extended battery life for IoT devices. NB-IoT chipsets enable long-range communication, making them ideal for applications such as smart cities, agriculture, logistics, asset tracking, and industrial automation.
Market Drivers:
1. Ubiquitous Connectivity: The growing need for connectivity across various industries and remote locations has fueled the demand for NB-IoT chipsets. They offer robust connectivity even in challenging environments, enabling businesses to monitor and manage their assets effectively.
2. Cost-Effectiveness: NB-IoT chipsets provide a cost-effective connectivity solution compared to other wireless technologies. Their low-cost modules, coupled with minimal power consumption, make them an attractive choice for large-scale IoT deployments.
3. Extended Battery Life: IoT devices often operate on batteries or energy-harvesting sources. NB-IoT chipsets are designed to optimize power consumption, enabling devices to operate for years without requiring frequent battery replacements. This feature is particularly valuable for applications such as smart meters and agricultural sensors.
4. Scalability: The NB-IoT standard supports a massive number of connections per base station, allowing for the deployment of a vast IoT ecosystem. This scalability feature makes NB-IoT chipsets well-suited for smart city projects and large-scale industrial deployments.
Market Challenges:
1. Interoperability: As the NB-IoT ecosystem expands, ensuring interoperability between different vendors' chipsets and IoT platforms becomes crucial. Standardization efforts are underway to address this challenge and create a unified IoT landscape.
2. Security Concerns: With the proliferation of IoT devices, security vulnerabilities pose a significant risk. NB-IoT chipsets need to incorporate robust security measures to protect against potential threats and ensure the integrity and privacy of data transmitted across networks.
Market Outlook and Key Players:
The NB-IoT chipset market is witnessing remarkable growth and is projected to continue its upward trajectory. According to market research reports, the market is expected to reach a valuation of billions of dollars by 2027, with a compound annual growth rate (CAGR) of over 30% during the forecast period.
Key players in the NB-IoT chipset market include semiconductor companies, module manufacturers, and IoT platform providers. These companies are investing heavily in research and development to enhance the performance and capabilities of NB-IoT chipsets, catering to the evolving demands of the IoT landscape.
Conclusion:
As the world becomes increasingly interconnected, the Narrowband Internet of Things (IoT) chipset market holds immense potential. NB-IoT chipsets offer a cost-effective, power-efficient, and scalable connectivity solution for a wide range of IoT applications. With advancements in technology and the ongoing efforts to standardize the NB-IoT ecosystem, the market is poised for significant growth in the coming years. The NB-IoT chipset market is not only transforming industries but also paving the way for a smarter and more connected future.
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Asia Pacific Cellular IoT Market – Industry Analysis and Forecast (2019-2026)
Asia Pacific Cellular IoT Market is expected to grow from USD XX Billion in 2019 to cross USD XX Billion by 2026, with a CAGR of more than XX% between the forecast period of 2018 and 2026
Connected devices are now a part of our lives. Since 2006, the internet of things has grown from almost 2 billion devices to around 6.4 billion. Yet it is not only consumer applications that are accounting for this huge number of devices providing opportunities for other verticals as well.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Asia Pacific Cellular IoT Market ,OfferingIoT devices are bringing contextual data, information and automated functions to other environments. Factories, retail stores, and distribution centres are all benefitting from the introduction of new devices hitting the market.
However, there are still some big barriers preventing this growth. The most prevalent challenge is connectivity. Devices located in hard-to-reach or rural areas are difficult to connect through traditional cellular technologies, especially when powered by a single-cell battery - that’s where LPWA networks come in.
Maximize Market Research, a Asia Pacific market research firm with dedicated team of specialists and data has carried out extensive research about the current Asia Pacific Cellular IoT Market outlook. It is usually done remaining at par with the technological evolution and developments done in the field of IoT in terms of technology especially across the operating system functionalities being modified as per the IoT device type used by customers. Report segments Asia Pacific Cellular IoT Market by offering, type, application, and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Asia Pacific Cellular IoT Market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain market positioning of competitors.
Many devices operate simultaneously because of the advanced co-existence mechanisms in the LTE standard and licensed-band operation, as is already proven today with the large number of cell phones used concurrently within a small area.
In terms of type, the 2G market segment held the largest market share in 2016 followed by 3G. 2G is widely adopted across different IoT applications because of low cost chipset together with majority of connected devices in IoT requiring low data transfer rate. However, NB-IoT is expected to grow at the fastest rate between 2016 and 2024. NB-IoT specifically targets low throughput IoT applications. It is perceived to have low cost and coverage advantages over LTE-M (also known as LTE-MTC), supporting a wide range of IoT applications.
On the basis of industry, the energy segment held one of the largest and significant shares for 2016. The increasing adoption of smart meters and grids drives the growth of cellular IoT modules in energy industry. The growth for energy management, together with increasing demand for green homes, drives the overall demand for building automation market.
Deployment of smart city and smart infrastructure in countries such as China, Japan, and India boosted the overall growth for the forecast period. For APAC enterprises, key strategic IoT drivers are cost and efficiency-related where the major challenges are data/network security and ongoing costs. Enterprise IoT spend levels are also relatively low in APAC. Global cloud and IT vendors are emerging as leading IoT providers in APAC, thanks to best-in-class technology and integration capabilities.
The objective of the report is to present comprehensive Asia Pacific Cellular IoT Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report also helps in understanding Asia Pacific Cellular IoT Market North America for Asia Pacific dynamics, structure by analyzing the market segments, and project the Asia Pacific Cellular IoT Market North America for Asia Pacific size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Asia Pacific Cellular IoT Market North America for Asia Pacific make the report investor’s guide.
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Market Scope:
• Asia Pacific Cellular IoT Market ,Offering: o Hardware o Software
•Asia Pacific Cellular IoT Market , Type: o 2G o 3G o 4G o 5G o NB–LTE–M o NB–IoT o LTE–M
•Asia Pacific Cellular IoT Market ,Application: o Environment Monitoring o Automotive & Transportation o Energy o Manufacturing o Consumer Electronics o Building Automation o Agriculture o Healthcare o Retail o Others
Asia Pacific Cellular IoT Market Key Players Operating in the Market:
• Soracom • Ericsson • Softbank • AT&T • Orange • Telefonica • Texas Instruments • ZTE Corporation • Sequans Communication • Mistbase Communication System • Mediatek Inc. • Commsolid GmbH • Qualcomm Incorporated • Sierra Wireless • Gemalto NV • Telit Communications PLC • U–Blox Holding AG • Huawei
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Narrowband-IoT Market To Grow At An Impressive CAGR Of 34.9% During 2019-2025
The global narrowband-Iot (NB-IoT) market size is expected to reach USD 6,020.2 million by 2025, registering a CAGR of 34.9% from 2019 to 2025. The growing demand for deployment of innovative technologies to track and monitor assets and people accurately in line with the smart city initiatives being pursued aggressively all around the world is expected to drive the growth of the market. Other factors, such as low power consumption, lower component costs, and wider coverage, are also expected to contribute toward the growth of the market.
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Narrowband-IoT, which is also known as LTE Cat NB1, happens to be a Low Power Wide Area (LPWA) network technology standard used to connect a wide range of smart sensors and devices using a wireless cellular network. NB-IoT devices operate in the licensed spectrum and ensure secure and reliable connectivity to end users.
Incumbents of the automotive industry are responding to the passengers' safety concerns by adopting emerging technologies that can potentially offer safer, convenient, and efficient transportation. As such, the use of Narrowband-IoT in the automotive industry is growing rapidly owing to the capability of NB-IoT to accurately track vehicles, identify and avoid highway congestions, and subsequently contribute toward effective traffic management. The looming commercialization of the upcoming connected and autonomous vehicles is also expected to play a key role in driving the growth of the NB-IoT market over the forecast period.
Energy and utility companies are widely adopting the NB-IoT technology for smart meters to remotely monitor the usage of power, water, and gas in residential and commercial buildings, and to obtain the usage data for issuing monthly bills. The usage data also helps energy and utility companies in tracking the consumption and formulating energy-saving strategies accordingly.
Further key findings from the study suggest:
• The module segment is anticipated to emerge as the fastest-growing segment over the forecast period owing to the increasing number of IoT applications and declining manufacturing costs of NB-IoT modules
• The tracker segment is anticipated to gain traction over the forecast period owing to the growing use of trackers for tracking and monitoring production processes and assets, particularly those which are difficult to monitor manually
• The wearables segment is expected to witness the fastest growth over the forecast period due to the increasing demand for wearables such as fitness wristbands to monitor exercise activities and health monitoring devices to monitor the health status, as well as other dedicated wearables to track children and elderly people for safety purposes
• Asia Pacific is expected to register the highest CAGR from 2019 to 2025 owing to the rapidly growing demand for wearables and smartphones in line with the continued urbanization and various smart city initiatives being undertaken
• Key players operating in the NB-IoT market include AT&T; Huawei Technologies Co., Ltd.; Qualcomm Technologies, Inc.; Cellco Partnership (Verizon Wireless); MediaTek Inc.; T-Mobile US, Inc.; Intel Corporation; Nokia; Vodafone Group PLC; Sequans; Telefonaktiebolaget LM Ericsson; and Altair Semiconductor.
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NarrowBand-Internet of Things (NB-IoT) standard is based on low power wide area (LPWA) technology made for enable a wide range of new IoT devices and services. NB-IoT significantly improves the system capacity, power consumption of user devices, and spectrum efficiency, especially in deep coverage. New physical layer channels and signals are designed to meet the demanding requirement of extended coverage such as deep indoors and rural area.
This technology is supported by all the major mobile equipment, chipset, and module manufacturers. This standard can co-exist with 2G, 3G, and 4G network. In some cases, it is also support for user identity confidentiality, entity authentication, confidentiality, data integrity, and mobile equipment identification.
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Private Narrowband IoT Market Share Analysis, COVID19 Impact on Growth, Industry Insights, Size, Global Demand and Forecast to 2027
Overview
Global Private Narrowband IoT Market is expected to reach USD 16,075.4 Million by 2025, growing at a CAGR of 92.1% during the forecast period (2019–2025). In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the coming years.
Private narrowband Internet of Things (NB-IoT) is a new cellular standard for low-power wide-area (LPWA) M2M (machine to machine) communication. It is a standard created by the 3rd Generation Partnership Project (3GPP). Private NB-IoT offers several advantages over conventional 4G/LTE mobile connectivity technologies such as better indoor coverage, low cost, energy efficiency, and greater device connectivity. The hardware manufacturers offer various private NB-IoT modules that exhibit a maximum life expectancy of up to ten years. Private NB-IoT modules cost USD 15–20 and it is expected that the price will further drop in the upcoming years. Due to all these benefits, private NB-IoT technology is being significantly deployed for various end-use applications across the globe. Some of the key factors driving the market growth are increasing demand for LPWAN, low deployment cost, long battery life, extended coverage, and high security.
With the growth in the demand for LPWAN technology, the overall narrowband IoT market is increasing. LPWAN allows long-range communication at a low bit rate and is, therefore, regarded as one of the key technology choices for building IoT networks across the globe. These wireless technologies can be integrated into vehicles, streetlights, home appliances, manufacturing equipment, and even wearable devices. LPWAN offers a combination of long-range, low power consumption, and secure data transmission, which makes it one of the preferred network technologies. Well-established technology providers like NWave Technologies, Qualcomm Inc., Cisco Systems, AT&T Inc., and Huawei Technologies Co. Ltd among others offer various LPWAN technologies to a number of clients worldwide.
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Competitive Analysis
The Prominent Players operating in the Private Narrowband IoT Market are The Key Players of the Global Private Narrowband IoT Market are AT&T, Verizon Communications, China Mobile Limited, Huawei Technologies Co. Ltd, Intel Corporation, Telefónica, Vodafone Group Plc., Orange, China Unicom, Telstra, Nokia, Ericsson, Qualcomm Technologies Inc, Telecom Italia, Emirates Telecommunications Corporation.
Segmental Analysis
The Global Private Narrowband IoT Market has been segmented based on Application, Deployment, Vertical, and Region.
Based on the application, the private narrowband IoT has been segmented into real-time streaming analytics, asset tracking, smart parking management, security, logistics tracking, soil monitoring, and others. The smart parking management segment accounts for the largest market share in 2019. NB-IoT based vehicle detectors consume low power; they also have a standby life of three to five years. NB-IoT base stations offer broad and in-depth coverage. Along with this, the signals are enough to cover a one-story underground parking lot. Due to all the above-mentioned benefits, NB-IoT is increasingly being used for network communications in smart parking solutions. The companies are able to manage their parking places and increase the revenue collected from them with the help of NB-IoT-based smart parking systems.
Based on the deployment model, the market has been segmented into in-band, standalone, guard band. The guard band segment accounts for the largest market share in 2019. In the guard band deployment type, the operators deploy NB-IoT in the unused resource blocks within an LTE carrier. Here, the cellular services are present and NB-IoT is positioned in the guard band of LTE carriers. However, the LTE resources are not allocated which prevents the possible interference of LTE with NB-IoT.
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Based on industry vertical, the private narrowband IoT has been categorized as agriculture, logistics and transportation, healthcare, industrial manufacturing, energy and utilities, and others. The industrial manufacturing segment accounts for the largest market share in 2019. In the industrial manufacturing sector, NB-IoT is being implemented for various applications such as warehouse monitoring, safety and security, asset tracking, smart lighting, smart parking, and infrastructure monitoring. For instance, China Telecom, Huawei and a manufacturing company worked together to create an NB-IoT-based mold management solution. This solution automatically collects data about mold locations, tooling opening and closing numbers, and forming period. Based on this information, the SaaS-based execution operations provide services such as asset, spare part, and capacity management, mold operations, maintenance and repair management, and enterprise-level mold sharing
Regional Analysis
The regional analysis for the global private narrowband IoT has been conducted for North America, Europe, Asia-Pacific (APAC), and the Middle East & Africa, and South America.
The market in North America accounted for the largest market share in 2019, and it is expected to dominate the market in the coming years. The large share is owing to the presence of various leading device manufacturers and network service providers focusing on testing and commercial deployment of private narrowband IoT solutions for consumer applications.
The market in Asia-Pacific is expected to grow at the highest CAGR of 97.1% during the forecast period. For the purpose of analysis, Asia-Pacific has been categorized into China, Japan, India, and the rest of Asia-Pacific. China accounts for the largest share in the Asia-Pacific region. Japan and other emerging countries are also validly moving towards narrowband IoT Infrastructure due to the growing investment by various government and private agencies.
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u-blox Redefines IoT Security with 5G-Ready Cellular Module and Chipset
u-blox has announced the SARA-R5 series of LTE-M and NB-IoT modules for low power wide area (LPWA) IoT applications, its most advanced, secure and highly integrated cellular product. http://bit.ly/2FmGyZW
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Private Narrowband IoT Market Research Report - Global Forecast till 2025
Private Narrowband IoT Market Research Report - Global Forecast till 2025
Market Snapshot
Global Private Narrowband-Internet of Things (NB-IoT) Market is expected to grow at a CAGR of 92.1% from the year 2019–2025. The market is driven by increasing demand for low-power wide-area network (LPWAN), globally. Also, since private NB-IoT offers several benefits including low deployment cost and long battery life, it is deployed for a number of applications including industrial manufacturing, logistics and transportation, energy & utilities, agriculture, and healthcare among others, thereby driving the overall market. Private NB-IoTs offer extended coverage and higher security over its substitutes. The private NB-IoT technology is being deployed recently for commercial purposes, with pilot testing projects being run at various locations in the past two years. The private NB-IoT solutions have evolved significantly over the last two years and the applications of this technology are expected to increase significantly in the future.
The value chain of private narrowband IoT consists of four key stakeholders namely, component manufacturers, telecom operators (MNOs and MVNOs), system integrators, and verticals. The manufacturers usually partner with other stakeholders in order to efficiently sell their solutions in the market. They tend to build strong relationships with regional resellers/suppliers so that they can expand their presence in the stipulated area. In terms of Porter's five forces analysis, the market is expected to witness moderate to high rivalry. Currently, telecom operators are investing in private NB-IoT projects and are running pilot projects in various regions/countries. As the demand for NB-IoT connectivity increases among industry verticals, these telecom operators will try to cater to the market demand by providing efficient private NB-IoT services, thereby increasing the competition/rivalry in the market in the years to come.
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Key Developments
In April 2019, AT&T launched a narrowband (NB-IoT) network across the US in addition to its low-power wide-area networks (LPWANS) in order to remain competitive in the private narrowband IoT market. This further helps the company to increase its customer base.
In May 2019, Verizon has launched its nationwide NB-IoT network, which the carrier claims, covers 92% of the total US population. The network is capable of managing both IP and non-IP traffics. Non-IP traffic management can be used for devices and solutions that are not traditionally connected to mobile networks, such as alarm panels, environmental sensors, industrial appliances, factory equipment, and parking meters. Verizon maintains that the network can also be used in smart city applications.
In Feb 2019, China Mobile Limited partnered with Singtel, a Singapore-based telecommunication company, to expand the IoT market to the Asia-Pacific region. China Mobile Limited also partnered to provide its narrowband-IoT (NB-IoT) products and services in Singapore using Singtel’s network.
In November 2017, Gemalto and Huawei—via its semiconductor arm, HiSilicon, announced their partnership to develop NB-IoT modules with a focus on security and low power consumption. These modules can be used in a range of IoT devices to reduce both size and production costs. The initiative will combine expertise from both companies in an effort to appeal to manufacturers to meet the growing demand for NB-IoT enabled devices.
Regional Analysis
· Geographically, the global private narrowband IoT market has been segmented into Asia-Pacific, North America, Europe, and the Middle East & Africa, and South America.
· North America dominates the global private narrowband IoT market owing to the presence of various leading device manufacturers and network service providers focusing on testing and commercial deployment of private narrowband IoT solutions for consumer applications. These market players are working towards the development of new modules and deployment of private NB-IoT networks to enhance the coverage and increase the scope of commercial applications where the technology can be applied. Moreover, the growing tech-savvy population and continued adoption of emerging technologies for personal and business applications are some of the other major factors driving the growth of the private narrowband IoT market in North America.
· IoT device shipments in Asia is expected to reach 12.7 billion units by 2030. The market for NB-IoT is expected to grow significantly in the forecast period in the region. At present, NB-IoT is deployed in countries such as China, Taiwan, Hong Kong, Singapore, Thailand, Bangladesh, Sri Lanka, Japan, South Korea, New Zealand, Indonesia, and Australia. The region has a huge potential as NB-IoT as it uses the mobile wireless network which offers better scalability, quality of service, and security as compared to unlicensed LPWA networks such as LoRa/Sigfox. Along with this, it offers long battery life due to low power consumption. The price of NB-IoT modules/chipset is expected to decline in the coming year.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR),Half-Cooked Research Reports (HCRR), Raw Research Reports (3R),Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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Office No. 524/528, Amanora Chambers
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Email: [email protected]
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